Letter Applying For Loan Against Insurance Policy

Can loan be given against insurance policies? This is the sample letter applying for loan against insurance policy :

Your Name
Company Name
Street Address
City, ST ZIP Code
Date

Recipient Name
Title
Organization Name
Street Address
City, ST ZIP Code

Dear Recipient Name:

I wish to apply for a loan against my insurance policy. Please send me the necessary application forms. Thank you.

Sincerely,

Your Name

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